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Regulatory press release

Dolphin Drilling AS – New share capital registered

Dolphin Drilling

Oslo, 24 July 2025: Reference is made to the stock exchange announcements made by Dolphin Drilling AS (the "Company") on 30 May 2025 regarding the private placement of new shares in the Company, raising gross proceeds of NOK 297,644,400, equal to approx. USD 29 million (the "Private Placement"), and on 23 July 2025 regarding the board of directors' resolution to increase the Company's share capital by issuance of 2,142,939,150 new shares at NOK 0.01 per share to investors who pre-committed to subscribe for shares in the Private Placement, payable by the Company as compensation for their pre-commitments (the "Commission Shares").

The share capital increase pertaining to the issuance of the Commission Shares has been registered with the Norwegian Register of Business Enterprises:

Share capital: NOK 321,992,692.49
Total number of shares: 32,199,269,249
Par value of each share: NOK 0.01

For further information, please contact:

Ingolf Gillesdal, CFO

Mob: +47 920 45 320

Mail: Ingolf.gillesdal@dolphindrilling.com

About Dolphin Drilling AS:

Dolphin Drilling AS is an Oslo listed, Aberdeen head-quartered, company which owns and operates a fleet of harsh environment mid-water & deep-water semisubmersible drilling rigs, capable of working worldwide.

This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication at 2025-07-24 12:44 CEST.

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